Daily Archives: November 16, 2021 (28 Articles Found)

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5 tell-tale signs to look out for when evaluating a resale property purchase

1) The unit mix of a property – If a quarter of them are penthouse and PES units, there’s a higher chance that these could be sold consecutively, thereby dragging down the average psf for the development; 2)…

SPH up 1.7% on new Cuscaden offer, SPH Reit down 1%

Shares of SPH jumped as much as 2.1 per cent on Tues, after offeror Cuscaden Peak raised its bid and Keppel Corp maintained that its offer is final. Keppel Corp and Keppel Reit also saw some lift in…

Just how scientific is Singapore Science Park? A not-so-scientific investigation

The interest in scientific endeavours never waned, however. Sure, the actual work of empirical methods, recording hard data and remembering formulas is boring. But how can you not geek out AI, spaceflight and dog-shaped robots that can open…

2,069 new COVID cases in S’pore for 2nd straight day; 18 deaths

MOH on Tues confirmed 2,069 new COVID-19 cases in Singapore – bringing the country’s total case count to 241,341 – as well as 18 deaths. Of the 2,069 new cases, 2,064 are local – 2,021 are in the…

Yong An Park unit changes hands for S$12.5m – making it the most profitable Q3 deal in the resale market

A 6,577 sqft unit at freehold Yong An Park along River Valley Road was transacted for S$12.5 million (S$1,901 psf) in Sept, earning the seller a handsome windfall of S$8.7 million – and making it the most profitable…

F&B sector continues to see brisk entries despite challenges

Despite challenges faced by Singapore’s F&B sector, the industry continued to see a large number of entrants in 2020 and even in the first 8 months of this year. But observers are questioning if that is an effective…

Battle for SPH: Cuscaden wants both scheme meetings to be held at same time

Both the scheme meetings in relation to the proposed privatisation of SPH should be held at the same time for shareholders to decide, said Cuscaden Peak on Tues. It is battling Keppel Corp to acquire SPH, with both…

Keppel says offer for SPH firm and irrevocable, provides shortest time to pay-out

Keppel Corp on Tues reiterated that its offer for SPH is “firm and irrevocable” and also provides the shortest time to pay-out by mid-Jan 2022 for SPH shareholders. Keppel’s statement comes one day after Cuscaden Peak raised its…

Meticulous planning, teamwork enable SCDF to pull off slick rescue 70m above Beach Road construction site

When a man injured his leg while working in a tower crane 70m up in the air, a SCDF Dart and a group of firefighters had to figure out the safest way to bring him down. Their eventual…

Worker dies after falling four storeys while trying to enter a boom lift in Boon Lay

A migrant worker died on Mon after falling from the fourth storey of a building that was under construction in Boon Lay. MOM said the fatal accident occurred at 22 Chin Bee Road. The 35-year-old Indian national, employed…

Ship pollutant emissions in S’pore increased by 123% during Covid-19 pandemic: NTU study

Pollutant emissions from the shipping sector have more than doubled during the pandemic in Singapore, with a similar increase seen in other major intl seaports. In Singapore, shipping emissions have increased by 123 per cent during the Covid-19…

Hawkers cheer new dine-in rules, but raise concerns over reduced seating

While stallholders at hawker centres and coffee shops cheer the move to allow fully vaccinated household members to eat out in groups of up to five by the end of Nov, some expressed concerns about overall reduced capacity…

Hotel occupancy rates remain steady as Singapore visitor arrivals pick up in October

Singapore’s intl visitor arrivals picked up in Oct from a month before, though hotel occupancy rates remained almost unchanged m-o-m. Around 23,980 visitors touched down in Oct, 26.2 per cent more than the 19,000 in Sept, and higher…

Slight decrease in COVID-19 and non-COVID-19 cases in ICU a ‘promising trend’: MOH

MOH’s director of medical services has described a slight decrease in the number of COVID-19 and non-COVID-19 cases in ICU as a “promising trend” that provides a “slight reprieve”. On Mon, Associate Professor Kenneth Mak said the ratio…

Indonesia, Singapore to continue discussions on reciprocal vaccinated travel lane: Retno Marsudi

Indonesia’s Foreign Minister Retno Marsudi and her Singaporean counterpart Dr Vivian Balakrishnan have agreed to continue discussions on safe travels between the two countries, including via a bilateral VTL. After a meeting between the ministers on Tues, the…

Man jailed for forging 16 NRICs and images, including one used in S$1.1 million Ethoz Capital scam

When his acquaintance asked him to create images of NRICs in exchange for money, a freelance photographer agreed. He forged 16 NRICs or images of NRICs that later wound up being used for scams, including the S$1.1 million…

Hawkers welcome larger dine-in groups but some worry access controls may be hard to enforce

Stallholders at hawker centres and coffee shops welcome the latest ruling that fully vaccinated people from the same household will soon be able to eat at these places in groups of five, but they question the operational challenges…

2 upcoming trade shows in November among largest in Singapore since Covid-19 limits eased in August

Two massive conferences that will be held this month are set to be among the largest Mice events to be held here since Covid-19 regulations for large-scale events were relaxed in Aug. This is what insiders familiar with…

Civil society groups highlight several policy areas including housing, healthcare in racial discrimination reports to UN

Racial discrimination is “very much a reality” faced by ethnic, religious and national minorities in Singapore, and the Government must take stronger measures to tackle it, such as by tweaking existing policies that have a disproportionately negative impact…

9 weeks’ jail, fine for food delivery rider who crashed mobility vehicles into 2 men

A food delivery rider was on Tues jailed nine weeks and fined S$1,500 after he crashed his escooter into an elderly man in 2019. The accident caused the man to suffer a stroke and he had to undergo…

Former PUB assistant engineer jailed, fined for taking bribes

As an assistant engineer at PUB, he received tens of thousands of dollars in bribes from a construction firm’s project manager to facilitate and speed up projects at PUB worksites. Two years later, Jamaludin Mohamed asked an executive…

Woman taken to hospital after getting hit by e-bike in Hougang

A 37-year-old woman was taken to hospital after being involved in an accident with an ebike in Hougang on Sat morning .SPF told Stomp that they were alerted to a case of negligent act causing hurt along Hougang…

Helping the homeless beyond putting a roof over their heads

Moves by the Government and those on the ground such as social service agencies and volunteers to address the complex issues faced by Singaporeans who are homeless have expanded to include different approaches over the past few years.…

How S’poreans can do their part on climate pledge

I refer to the article, “S’pore joins over 130 countries in signing pledge to end deforestation by 2030” (Nov 13). During the Covid-19 pandemic, Singaporeans were able to do a lot of things digitally in areas such as…

Charging model for plastic bags at supermarkets urgently needed

I was pleased to read that all Cheers and FairPrice Xpress outlets will charge for plastic bags from next year. However, I am frustrated as to why Singapore has yet to make it mandatory for all stores to…

Higher costs due to Progressive Wage Model will be passed on to consumers

Any increase in an industry’s wages must also consider its potential negative consequences. The higher manpower cost will be passed on to consumers, and it is those who are struggling, such as retirees, who will bear the full…

Put up sign if sitting at a public space is not allowed

Last week, a friend and I were enjoying our coffee at a cafe in front of the main entrance to the National Library Building. Two schoolgirls were sitting on the steps at the concourse having lunch. A security…

No need for CPF members to rush to buy properties before age 55

We refer to the article “CPF rules, being close to family among reasons for upgrading to condos” (Nov 15). The article quoted a CPF member who said that it was the best time for her to sell her…

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